ICE Make Refrigeration's Q2 FY 2025-26 Quarterly Results

Result Summary

• ICE Make Refrigeration Ltd reported a 32.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 42.6%.
• Its expenses for the quarter were up by 27.6% QoQ and 49.5% YoY.
• The net profit decreased 238.1% QoQ and decreased 57.6% YoY.
• The earnings per share (EPS) of ICE Make Refrigeration Ltd stood at 1.28 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

ICE Make Refrigeration Ltd is a company known for providing refrigeration solutions, focusing on manufacturing and supplying a variety of refrigeration products and services. The company's offerings typically include cold rooms, commercial refrigeration units, and industrial refrigeration systems, catering to a diverse range of industries such as food processing, hospitality, and pharmaceuticals. ICE Make Refrigeration Ltd operates within the industrial machinery sector, which is characterized by its emphasis on innovation and adaptability to changing customer needs and technological advancements. Any recent major developments about the company are not provided in the available data.

Revenue

During the second quarter of fiscal year 2026 (Q2FY26), ICE Make Refrigeration Ltd reported a total income of ₹147.58 crores. This represents a significant quarter-over-quarter (QoQ) increase of 32.2% from ₹111.63 crores in Q1FY26. Compared to the same quarter in the previous fiscal year (Q2FY25), this total income reflects a year-over-year (YoY) growth of 42.6% from ₹103.50 crores. The upward trend in revenue highlights a period of substantial growth for the company in terms of its operating income.

Profitability

In Q2FY26, ICE Make Refrigeration Ltd recorded a profit before tax (PBT) of ₹2.77 crores, which shows a significant contrast from the loss of ₹1.84 crores in Q1FY26. However, when compared to Q2FY25, where the PBT stood at ₹6.63 crores, there is a YoY decline of 58.2%. The tax expense for Q2FY26 was ₹0.75 crores, reversing from a negative tax value in the previous quarter (Q1FY26), and registering a YoY decrease from ₹1.84 crores in Q2FY25. Consequently, the profit after tax (PAT) for Q2FY26 was ₹2.03 crores, a stark improvement from the loss of ₹1.47 crores in Q1FY26, yet a decline from ₹4.79 crores in Q2FY25. The earnings per share (EPS) for Q2FY26 is ₹1.28, which is a recovery from a negative EPS of ₹0.90 in Q1FY26 but lower than the ₹3.05 reported in Q2FY25.

Operating Metrics

The financial data for Q2FY26 indicates total expenses of ₹144.80 crores, which represents an increase of 27.6% QoQ from ₹113.47 crores in Q1FY26, and a 49.5% YoY increase from ₹96.87 crores in Q2FY25. The substantial rise in expenses, both quarterly and annually, is a notable trend. This increase in expenses alongside the rise in income reflects the company's operational scale during this period. Key financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio are not explicitly provided in the data, thus calculations for these metrics are not available. The financial performance in terms of profitability and operating income reflects a mixed trend for ICE Make Refrigeration Ltd, with significant changes observed between quarters and years.